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IGC: forecast of global ending stocks of wheat in 2017/18 MG elevated
Analysts IGC increased the forecast of world ending stocks of wheat in 2017/18 MG of 7 million tons to 248 million tons, against the background of record grain ending stocks for the 2016/17 season will ensure a high product offer in the new season, reports Agrimoney
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The upward adjustment of reserves were made mainly at the expense of the black sea countries, especially Russia. The exports of the countries of the black sea, according to analysts, for the first time exceeded 90 million tons. At the same time, not exempt of problems with logistics.

Forecast of carryover wheat stocks in key exporting countries at the end of the 2017/18 MG was increased by 4 million tons to 69 million tons, which, however, will be at 8 million tonnes below last season.

Photo: lovetextures.com



Translated by service "Yandex.Translation"
Источники: АПК-Информ
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